Hardwood Acres CDP, MI Profile: Facts & Data


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Hardwood Acres CDP, Michigan - Basic Facts

The Hardwood Acres Census Designated Place had a population of 467 as of July 1, 2020. Hardwood Acres CDP ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Michigan. See peer rankings below.

The primary coordinate point for Hardwood Acres CDP is located at latitude 44.7213 and longitude -85.8262 in Benzie County. The formal boundaries for the Hardwood Acres Census Designated Place encompass a land area of 0.52 sq. miles and a water area of 0.01 sq. miles.

The Hardwood Acres Census Designated Place (GNIS ID: 2583739) has a U2 Census Class Code which indicates a census designated place without an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

The Hardwood Acres Census Designated Place is located within Township of Almira, a minor civil division (MCD) of Benzie County.


Hardwood Acres CDP, MI Data & Demographics (As of July 1, 2020)


Total Population 467 (100%)
Population in Households 467 (100.0%)
Population in Families 404 (86.5%)
Population in Group Quarters1 0
Population Density 893
Diversity Index2 11


Median Household Income $71,257
Average Household Income $73,779
% of Income for Mortgage4 10%
Per Capita Income $27,242
Wealth Index5 63


Total HU (Housing Units) 173 (100%)
Owner Occupied HU 151 (87.3%)
Renter Occupied HU 10 ( 5.8%)
Vacant Housing Units 12 ( 6.9%)
Median Home Value $175,794
Average Home Value $202,483
Housing Affordability Index3 264


Total Households 161
Average Household Size 2.9
Family Households 122
Average Family Size 3
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.


2010-2020 2020-2025
Population 0.76% 0.63%
Households 0.89% 0.73%
Families 0.41% 0.65%
Median Household Income   1.23%
Per Capita Income   1.68%
Owner Occupied HU   0.78%


Hardwood Acres CDP, MI - Peer Comparisons by Rank and Percentile

The table below compares Hardwood Acres CDP to the other 692 incorporated cities, towns and CDPs in Michigan by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 550 21st
Population Density # 368 47th
Median Household Income # 86 88th
Housing Affordability Index # 551 80th
Per Capita Income # 314 55th
Diversity Index # 592 15th

Additional comparisons and rankings can be made with a VERY EASY TO USE Michigan Census Data Comparison Tool.

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